CHICAGO GOLF CLUB FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

DR MARTIN L KOLINSKI

Phone

6306682000

Tax Period

2024-01-01 to 2024-12-31

CHICAGO GOLF CLUB FOUNDATION, founded in 2015, is a small nonprofit in the Education sector that reported $359K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 63% operating margin.

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE EMPLOYEES, CHILDREN OF EMPLOYEES AND CADDIES OF CHICAGO GOLF CLUB, AND TO PRESERVE AND MEMORIALIZE THE HISTORY AND ARCHITECTURE OF WHEATON, ILLINOIS, INCLUDING CHICAGO GOLF CLUB.

Program Service Accomplishments

Program 1

Expenses: $117,500

TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR THE EMPLOYEES, CHILDREN OF EMPLOYEES, AND CADDIES OF CHICAGO GOLF CLUB

Program 2

Expenses: $12,500

TO PRESERVE AND MEMORIALIZE THE HISTORY AND ARCHITECTURE OF WHEATON, ILLINOIS BY RESEARCHING, RESTORING AND ENSURING THE PRESERVATION OF BUILDINGS, LAND, HOMES OR OTHER ARTICLES WHICH MAY RELATE TO THE HISTORY AND ARCHITECTURE OF WHEATON INCLUDING, BUT NOT LIMITED TO, CHICAGO GOLF CLUB AND ITS CLUBHOUSE AND CASINO BUILDINGS

Program 3

TO ENGAGE IN OTHER CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF IRC SECTION 501(C)(3)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,805

Program Service Revenue $0

Investment Income $18,272

Other Revenue $0

TOTAL REVENUE $359,077

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,000

Other Expenses $4,258

TOTAL EXPENSES $134,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,077	$266,426	+0.3%
Expenses	$134,258	$137,512	0.0%
Net Income	$224,819	$128,914	+0.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARTIN KOLINSKI	President	0.25	Officer Director	$0	$0	$0
STEVEN KEOGH	Vice President	0.25	Officer Director	$0	$0	$0
MIKE KACHMER	Treasurer	0.25	Officer Director	$0	$0	$0
CONNIE KELLER	Director	0.25	Director	$0	$0	$0
BOB KING	Director	0.25	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$359,077	$134,258	$701,544	$224,819
2023	$266,426	$137,512	$476,725	$128,914
2022	$204,841	$154,561	$348,781	$50,280
2021	$258,018	$80,347	$298,501	$177,671